Stocks in the News: Alcoa, Infosys, Intel

The following is a round-up of news likely to affect stock prices today:

Alcoa (AA) reported a narrower net loss of $201 million, or 20 cents a share, but earned 10 cents a share after excluding charges, which was inline with analysts' average forecasts. Sales rose 18% to $4.89 billion, helped by a recovery in aluminum prices, but completely missed estimates of $5.29 billion. Shares dropped nearly 3% ahead of the bell.

Intel Corp. (INTC) is reporting results after the close Tuesday. Investors will look to the results to measure the strength of the computing industry's recovery. Intel is expected to report earnings of 38 cents per share -- three times as much as in the year-ago period.

Infosys Technologies (INFY) reported an 8.7% profit rise in dollar terms in its latest quarter as a revival in demand for services spread to European and manufacturing clients. Infosys also projected fiscal year revenue to grow between 16% and 18%. Shares rose nearly 1% in premarket trades.

AK Steel Corp. (AKS) had its rating outlook upped to stable from negative by Moody's.

Zale (ZLC) joined the opposition to a gold and copper mine being developed in southwest Alaska near the world's largest remaining wild sockeye salmon streams. Zale said it would boycott metals from the mine.

CF Industries Holdings Inc. (CF) is offering 10.8 million of common shares and will use the funds to repay loans from its $1.75 billion senior secured bridge facility. Shares fell over 1.5%.

H&R Block Inc. (HRB) said CFO Becky Shulman is leaving the company on April 30 and named Jeff Brown, corporate controller, as the interim CFO until a replacement is found. Shares were 1% lower before the bell.

CSX Corp. (CSX) is expected to report stronger quarterly earnings as the economy, and particularly the auto and coal industries, pick up steam.

Analyst calls:

KeyCorp (KEY) was downgraded from neutral to sell at UBS and the target lowered to $5 from $7.40. Shares fell over 2.5% in premarket trading. UBS also downgrade Huntington Bancshares (HBAN) to sell from neutral.